Texmaco Rail & Engineering has entered into definitive agreement and acquired 55% shareholding in Bright Power Projects (India). Pursuant to such acquisition, Bright Power has become a subsidiary of the company with effect from January 04, 2016. With this, the company has strengthened its position further as a total rail solutions provider and is well positioned to leverage on growth opportunities in Railways Infrastructure in coming years.
Bright Power is an EPC company, incorporated on January 10, 1994, specializing in over head electrification (OHE) solutions for the Railways. Bright Power had a net turnover of Rs 78 crore and a Net Profit of Rs 6 crore for the financial year 2014 - 15. It has a current order book of about Rs 600 crore.
Texmaco Rail & Engineering is one of India’s leading freight car manufacturers and diversified engineering company. The company is the largest supplier of wagons to the Indian Railways in India with strong in-house capabilities for the design and manufacture of special purpose wagons.
